Bitcoin slips below $39K as Fed sends gold to 6-week lows

Bitcoin slips below $39K as Fed sends gold to 6-week lows

It's been a bad 24 hours for the precious metal, which shed $100 per ounce thanks to the Fed's outlook. Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin escapes gold's fateData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced at $38,400 during Thursday, failing to regain $39,000 in what could shape up to be its anticipated "leg down."Wednesday's Fed meeting and subsequent comments from Chair Jerome Powell....


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